Business, Institutions, and Ethics: A Text with Cases and Readings

Paperback | November 15, 1999

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Business, Institutions, and Ethics: A Text with Cases and Readings is the first text to use the analysis of social institutions to examine business ethics. It explains fundamental concepts in ethics and how to apply them to business and economics. The author shows how social institutions areconstituted by an integrated set of ethical, economic, and legal principles, and then uses these principles to study the ethics of commerce at the individual, organizational, and market levels. This unique work features thirty-four cases and articles that are organized into economic categories,providing a conceptual unity and flexibility not found in similar texts. The first half of the text focuses on theory, beginning with a case study that illustrates and unifies the theoretical discussions that follow. It examines market institutions, organizational structure, and individual decision making; interprets moral development as a process withininstitutional settings; and explains egoism, care, utilitarianism, right, and pluralistic ethical theories. It also discusses how economic analyses of markets and firms incorporate ethical principles, and argues that law reinforces ethical and economic aspects of social institutions important to thecontinued existence and well-being of society. The second half of the text consists of cases and articles organized by the economic categories of property, risk-reward relationships, information, and competition. Topics covered include corporate control, workplace dangers, marketing, andmanufacturing relocation. Applicable in both business schools and philosophy departments, Business, Institutions, and Ethics shows how ethical principles can help us gather, sort, and interpret information necessary for making sound business decisions. Ideal for courses in business ethics andbusiness and society, it is also a valuable reference for business professionals and philosophers.

John W. Dienhart is at St. Cloud State University.

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Title:Business, Institutions, and Ethics: A Text with Cases and ReadingsFormat:PaperbackPublished:November 15, 1999Publisher:Oxford University PressLanguage:English

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Table of Contents

ForewordPrefaceUnifying Diverse IssuesBuilding a Model of the Business EnvironmentAcknowledgmentsIntroductionA Unifying Case Study: S and R Electronics (A)Part I: Markets, Organizations, and IndividualsPart II: Ethics, Economics, and Law: An Institutional Approach to Decision MakingPart III: Applying the Framework: Cases and ArticlesS and R Electronics (A): Case Study for Parts I and IIUsing the S and R CasePART I: MARKETS, ORGANIZATIONS, AND INDIVIDUALS1. Market Institutions, Organizational Practices, and Individual Decision MakingDouglass North: InstitutionsLynn Sharp Paine: Managing for Organizational IntegrityDavid M. Messick and Max H. Bazerman: Ethical Leadership and the Psychology of Decision MakingPART II: ETHICS, ECONOMICS, AND LAW: AN INSTITUTIONAL APPROACH TO DECISION MAKING2. Ethical Decision Making: Psychological FoundationsEthics in Personal and Business SettingsEthical Conflicts and Their ContextUnderstanding Institutions: Kohlberg's Rights-Based Theory of Moral DevelopmentUnderstanding Institutions: Gilligan's Care-Based Theory of Moral DevelopmentThree Conditions of a Successful Decision-Making StrategyMoral Imagination and Expanding the Domain of Post-Conventional ReasoningEthical Decision Making: Opportunities and Constraints in OrganizationsOrganizing Decision MakingSummary and Transition to Chapter 33. Ethical Decision Making: Exploring Alternative ValuesEthical Rules and Principles: The Need for InterpretationSelf-Interest and Decision Making: Epicurus and Ayn RandCaring and Decision Making: Mary Midgley, Nel Noddings, and Marilyn FriedmanDavid Hume and John Stuart Mill: Group Well-Being and Decision MakingImmanuel Kant, Robert Nozick, and John Rawls: Intrinsic Value and Decision MakingAdam Smith and Aristotle: Ethical Pluralism and Decision MakingSummary and Transition to Chapter 44. Economics and Ethical Decision MakingFrom Ethics to Economics: Markets as Ethical EnginesEconomic InstitutionsInstitutions and Market Conditions: Property, Risk-Reward Relationships, Information, and CompetitionIndividuals in Organizations: Goals or Contracts?Making Decisions within Economic InstitutionsSummary and Transition to Chapter 5Appendix: Pareto Efficiency5. Law and Ethical Decision MakingIntegrating Ethical, Economic, and Legal PrinciplesThe Reinforcement View of Law: Institutions and Social StabilityThe Content of Law: Reinforcing Ethical Values and Economic RelationshipsThe Challenge of Public Choice TheoryA Closer Look at Government Regulation: Three ViewsEnvironmental Regulatory Law: Command and Control, Market Based, and ReflexiveS and R Electronics (B): Integrating Individuals, Organizations, and MarketsSummary of Chapter 5 and Transition to Part IIIPART III: APPLYING THE FRAMEWORK: CASES AND ARTICLESIntroductionUsing the Framework Developed in Part II to Understand and Evaluate Cases and Articles6. PropertyIntroductionThe Control and Use of Corporate PropertyProperty and the EnvironmentInternational: The Control and Use of Corporate PropertyInternational: Property and the EnvironmentCase: Agrico, Inc.--A Software Dilemma.H. Jeff Smith: Milton Friedman: The Social Responsibility of Business Is to Increase Its ProfitsPhilip L. Cochran: Deriving Ethical Principles from Theories of the FirmR. Edward Freeman: A Stakeholder Theory of the Modern CorporationRichard C. Marens and Andrew D. Wicks: Getting Real: Stakeholder Theory, Managerial Practice, and the General Irrelevance of Fiduciary Duties Owed to ShareholdersCase: Diablo Canyon: Nuclear Energy and the Public WelfareA.R. Gini: William F. Baxter: People or Penguins: The Case for Optimal PollutionNorman Bowie: Morality, Money, and Motor CarsCase: Plasma InternationalT.W. Zimmerer and P.L. Preston: Richard T. DeGeorge: Ethical Dilemmas for the Multinational Enterprise: A Philosophical OverviewPatricia H. Werhane: The Moral Responsibility of Multinational Corporations to Be Socially ResponsibleManuel Velasquez: International Business Ethics: The Aluminum Companies in JamaicaCase: U.S. and Mexico Confront a Toxic LegacyColum Lynch: David P. Hanson: The Ethics of Development and the Dilemmas of Global Environmentalism7. Risk-Reward RelationshipsIntroductionEmploymentInternationalCase: Kate SimpsonCara F. Jonassen: Patricia H. Werhane and Tara J. Radin: Employment at Will and Due ProcessCase: Johnson Controls and Protective Exclusion from the WorkplaceAnne T. Lawrence: Ruth R. Faden and Tom L. Beauchamp: The Right to Risk Information and the Right to Refuse Workplace HazardsCase: Merck and Co., Inc.The Business Enterprise Trust: William C. Frederick: The Moral Authority of Transnational Corporate CodesCase: Wait International and Questionable PaymentsCharles R. Kennedy, Jr.: Bartley A. Brennan: The Foreign Corrupt Practices Act Amendments of 1988: "Death" of a Law8. InformationIntroductionAdvertising and MarketingWhistleblowingInternationalCase: Natural CerealsNorman E. Bowie and Patrick E. Murphy: Robert L. Arrington: Advertising and Behavior ControlRoger Crisp: Persuasive Advertising, Autonomy, and the Creation of DesireCase: The Case of the Willful Whistle-BlowerSally Seymour: Ronald Duska: Whistleblowing and Employee LoyaltyCase: The Transfer of Dangerous Industries to Underdeveloped CountriesRichard T. DeGeorge: Michael P. Walls: Chemical Exports and the Age of Consent: The High Cost of International Export Control Proposals9. CompetitionIntroductionEthics and CompetitionInternationalCase: Seizure of the S.W. ParcelTom L. Beauchamp: James H. Michelman: Some Ethical Consequences of Economic CompetitionCase: Tee-Shirts and Tears: Third World Suppliers to First World MarketsLaura B. Pincus: Case: Two Roads to China: Nice, and Not So NiceDavid E. Sanger: Norman Bowie: The Moral Obligations of Multinational Corporations

Editorial Reviews

"This text seems like exactly the 'whack on the side of the head' to get me thinking about the subject in a refreshingly different way."--Kevin Gibson, Marquette University